Fève, Patrick; Matheron, Julien; Sahuc, Jean-Guillaume - Institut d'Économie Industrielle (IDEI), Toulouse … - 2012
an econometrician to underestimate the degree of Edgeworth complementarity and, consequently, the long-run GSM. An … Stochastic General Equilibrium context. We stress a potential source of bias in the GSM arising from the combination of Edgeworth … complementarity/substitutability between private consumption and government expenditures and endogenous government expenditures. Due …